Housing Wire

OCTOBER 28, 2024

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S.

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Housing Wire

DECEMBER 18, 2024

After pushing back against an antitrust lawsuit filed against it in Michigan , the National Association of Realtors (NAR) has shifted its focus to a similar suit filed against the trade group in Pennsylvania.

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Housing Wire

NOVEMBER 18, 2024

The National Association of Realtors (NAR) has spent much of the past few years having its dirty laundry aired across public domain and in courtrooms. NAR could be running afoul of tax law given that it is a nonprofit trade association, the report claimed. “It Now a new report is taking aim at compensation for NAR executives.

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Housing Wire

JANUARY 9, 2025

Michael Nourmand, president of Beverly Hills-based Nourmand & Associates Realtors , said in an interview Wednesday with HousingWire that safety is the top priority. This law applies to those who sell food, emergency supplies, medical supplies, building materials, and gasoline. Bontas alert focused on illegal price gouging.

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Housing Wire

MAY 3, 2024

The real estate giant was prompted to do this by the terms of National Association of Realtors’ (NAR) commission lawsuit settlement agreement which requires agents to have a written agreement with a client in order to work with them as a buyer broker. This agreement must be signed prior to an agent taking a buyer to tour a home.

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Housing Wire

JULY 12, 2024

The California Association of Realtors (CAR) evidently wants no part of the Department of Justice. The DOJ expressed concerns about possible loopholes the forms might contain, which could allow agents to skirt new rules implemented as part of the National Association of Realtors’ (NAR) antitrust settlement.

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Housing Wire

MARCH 4, 2025

The Department of Justice ( DOJ ) raised some eyebrows when it hinted that buyer representation agreements, if used as mandated in the National Association of Realtors (NAR) commission lawsuit settlement, may be a source of future antitrust litigation based on its statement of interest in the Sitzer/Burnett suit.

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Housing Wire

DECEMBER 20, 2024

Real estate professionals and even some local Realtor associations have begun pushing back against the National Association of Realtors (NAR) three-way membership. Phoenix Realtors (PAR) is one such association exploring alternative membership structures, but NAR is not having it.

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Housing Wire

JUNE 25, 2024

A report released Tuesday by the Consumer Federation of America (CFA) found that the California Association of Realtors’ (CAR) buyer representation and broker compensation agreement is “virtually unreadable.” Additionally, the CFA stated that California Realtors have obtained a copy of the analysis.

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Housing Wire

OCTOBER 23, 2023

Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law. In addition, the contract stipulated that agents must join their local Realtor association.

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Real Estate News

MARCH 21, 2025

Buyer agreements are a good thing, Alabama Realtors CEO says, but the law, inspired in part by the DOJ, gives consumers and agents more time to negotiate.

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Housing Wire

MARCH 3, 2025

The debate surrounding the National Association of Realtors (NAR) Clear Cooperation Policy is raging on. Marx Stercow, the managing attorney at Sterbcow Law Group , agrees that agents and brokers need to be mindful of what they tell consumers about private listing networks. Jerrold Bregman, a partner at BG Law , shares a similar view.

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Housing Wire

MARCH 6, 2025

Canadian law enforcement executed search warrants at several call centers last June, allegedly catching the perpetrators in the act as they were making calls to victims in Virginia. The total estimated monetary value of the scams allegedly bilked the victims out of as much as $21 million, according to the attorneys office.

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Housing Wire

JANUARY 26, 2024

“I was sitting on my couch and I saw Michael on CNBC calling us a cartel, saying that we take money that doesn’t belong to us, and I was infuriated at that rhetoric and I was infuriated at what that infers about Realtors,” Lamacchia said. “It It dehumanizes Realtors and turns us into money-making machines.”

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Housing Wire

JANUARY 27, 2025

The National Association of Realtors (NAR) and News Corp., along with several of its subsidiaries such as Move , Realtors Information Network and OpCity , are looking to have the Bandy fraud suit dismissed. and Realtors Information Network, Inc., Filed in U.S. the filing states. The three motions are set for a hearing on Feb.

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Housing Wire

MARCH 18, 2025

Compass and its CEO, Robert Reffkin, have not been shy when it comes to voicing their displeasure over the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). And at the MLS used by the San Francisco Association of Realtors , agents can designate listings as Coming Soon.

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Housing Wire

MARCH 12, 2025

The National Association of Realtors (NAR) is poised to decide the fate of its controversial Clear Cooperation Policy (CCP) in the coming weeks. It accused NAR and several major real estate brokerages of conspiring to artificially inflate the commissions of agents representing sellers, a violation of federal antitrust law.

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Housing Wire

MARCH 31, 2025

Plaintiffs in a high-profile commission lawsuit have been denied a motion to intervene in eXp World Holdings’ and Weichert Realtors settlement in a separate case. Cohen rejected the motion to intervene in the Hooper case. eXp and Weichert maintain that their settlements in the Hooper case is in line with those in the Gibson suit.

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Housing Wire

JANUARY 8, 2025

Michael Nourmand, president of Beverly Hills-based Nourmand & Associates Realtors , said that while he hasnt had to evacuate, he knows several people whose homes have been destroyed. While California law does not require homeowners to have fire insurance, most mortgage lenders do.

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Housing Wire

OCTOBER 26, 2023

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Frazier also told the jury that ReeceNichols does not require agents to be members of the National Association of Realtors , but the local MLS does.

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Housing Wire

FEBRUARY 14, 2025

When the Department of Justice (DOJ) came out in opposition of buyer representation agreements as they are defined in the National Association of Realtors (NAR) commission lawsuit settlement agreement, Alabama Association of Realtors took notice. Despite the DOJs filing, Judge Stephen R.

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Housing Wire

NOVEMBER 1, 2024

PRO TIP You may see the terms “real estate agent” and “Realtor” used interchangeably. While a Realtor is indeed an agent, the term doesn’t work both ways. To be a Realtor, an agent must be a member of the National Association of Realtors® (NAR). This course covers real estate law, contracts, finance and ethics.

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Housing Wire

FEBRUARY 20, 2025

Some real estate brokers have found their path blocked as they try to navigate the membership agreements mandated by NAR and their local Realtor associations to gain access to MLS listings. NARs three-way membership agreement requires Realtors to join associations at the local, state and national levels.

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Housing Wire

JANUARY 21, 2025

The National Association of Realtors (NAR) commission lawsuit settlement agreement as well as settlements reached by RE/MAX, Keller Williams, Anywhere , Compass, Redfin, At World Properties and many others may have received final approval , but the first commission lawsuit settlement to be reached has not been so fortunate.

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Housing Wire

JANUARY 18, 2024

The complaint names 35 entities as defendants, including the National Association of Realtors , local and national brokerages, MLSs and local Realtor associations. For his part, David Kissinger, the CEO of Glendale Realtors, stated that the suit is “meritless.”

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Housing Wire

JULY 3, 2024

District Court in Philadelphia on behalf of Davis by attorneys at Korein Tillery LLC , the same law firm representing the plaintiffs in the Batton suits. The suit is seeking class-action status for a nationwide class defined as persons who purchased residential real estate that was listed on a Realtor-affiliated MLS between Dec.

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Housing Wire

AUGUST 8, 2024

The suit, which is named after its plaintiff Scott Davis, was filed in late May in the Eastern District of Pennsylvania on behalf of Davis by attorneys at Korein Tillery LLC , the same law firm representing the plaintiffs in the Batton suits. All other state law claims must therefore be dismissed.” Illinois, 431 U.S.

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Housing Wire

APRIL 1, 2025

Conversation then moved to MLS PINs insistence on maintaining sellers ability to make offers of compensation to buyers brokers through the MLS if they so choose, unlike MLSs affiliated with Realtor associations, which have removed offers of compensation from the MLS due to provisions in the National Association of Realtors (NAR) settlement.

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Housing Wire

AUGUST 12, 2024

There are just five days to go until the business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement , but the trade association is not out of the lawsuit woods just yet. In a lawsuit filed on Monday by Douglas Hardy, Glenn Champion and Dylan Tent in U.S.

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Housing Wire

JANUARY 30, 2025

In its filing, BHE a subsidiary of Warren Buffetts Berkshire Hathaway denied any liability and the plaintiffs’ allegations that it violated federal antitrust laws. Hanna Holdings and Crye-Leike also claimed that the National Association of Realtors (NAR) commission lawsuit settlement agreement bars the plaintiffs’ claims.

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Cleveland Appraisal Blog

APRIL 26, 2023

If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself.

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Appraisal Buzz

FEBRUARY 17, 2025

Home sellers are no longer liable for paying the realtor costs for both the buyer and the seller as a result of a federal case. 25% will rely on conventional rates, while 45% will directly negotiate commission with their realtor. 25% will rely on conventional rates, while 45% will directly negotiate commission with their realtor.

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Housing Wire

DECEMBER 15, 2023

The suit also names a handful of local multiple listing services (MLSs), including Austin/Central Texas Realty Information Service, Central Texas Multiple Listing Service, Housing Realtors Information Service, and North Texas Real Estate Information Systems.

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Housing Wire

DECEMBER 12, 2023

The National Association of REALTORS will respond to this complaint in court.” We are committed to upholding fair and transparent practices compliant with law and we already have mechanisms and a plan in place that enables buyers and sellers to negotiate commissions.

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Housing Wire

SEPTEMBER 18, 2024

The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We We will always comply with the law.”

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Housing Wire

NOVEMBER 8, 2023

The National Association of Realtors also began allowing this under its Clear Cooperation policy in early October 2023.) But the policy may still present a legal issue, as it requires listing agents to make an offer compensation, even if that offer of compensation is in fact nothing ($0), law professors said. As of Jan.

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Housing Wire

SEPTEMBER 20, 2023

On Monday, plaintiffs in the Sitzer/Burnett suit filed an unopposed motion for dismissal of the state law claims pled in their third amended complaint. The only defendants left in the two lawsuits are the National Association of Realtors , HomeServices of America , and Keller Williams. Bough, a U.S.

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